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RKLB · Rocket Lab Corp · Financials

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$59.10 +0.50 (+0.85%) At close · Oct 29 Q2 2026 earnings call transcript
Market Cap
$35.73B
Shares
598.35M
Volume · Oct 29 14.13M Avg daily vol (3M) 19.34M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$601.8M +38%
FY2025 Revenue FY2020–FY2025
Net Income
-$198.21M -4.2%
FY2025 Net Income FY2020–FY2025
Gross Margin
34.43% +7.8pp
FY2025 Gross Margin FY2020–FY2025
Operating Margin
-38.03% +5.5pp
FY2025 Operating Margin FY2020–FY2025
Diluted EPS
-$0.37 +2.6%
FY2025 Diluted EPS FY2020–FY2025
Operating Cash Flow
-$165.52M -238.6%
FY2025 Operating Cash Flow FY2020–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020
$769.15M $601.8MG $436.21M $244.59M $211M $62.24MG $35.16M
$482.53M $394.62M $320.07M $193.18M $192.01M $64.13M $46.98M
$286.62M $207.18M $116.15M $51.41M $18.99M -$1.89M -$11.82M
— 34.43% 26.63% 21.02% 9% -3.04% -33.61%
$312.42M $270.72M $174.39M $119.05M $65.17M $41.77M $19.14M
$197.69M $165.3M $131.56M $110.27M $89.03M $58.4M $23.99M
$30.92M $17.96M $12.07M $13.1M $13.23M $3.32M $2.22M
$62.4M $43.94M $33.66M $29.74M $29.95M $10.85M $9.34M
$510.11M $436.02M $305.95M $229.33M $154.19M $100.16M $43.14M
-$223.49M -$228.84M -$189.8M -$177.92M -$135.2M -$102.05M -$54.95M
— -38.03% -43.51% -72.74% -64.08% -163.97% -156.29%
-$161.09M -$184.9M -$156.15M -$148.17M -$105.26M -$91.2M -$45.61M
— $26.49M $26.18M $17.53M — — —
$31.76M $2.94M $390K -$1M $2.26M -$22.79M $414K
-$191.74M -$225.9M -$189.41M -$178.92M -$132.95M -$124.84M -$54.54M
-$26.28M -$27.69M $764K $3.65M $3M -$7.52M $467K
-$165.46M -$198.21M -$190.18M -$182.57M -$135.94M -$117.32M -$55.01M
— -32.94% -43.6% -74.64% -64.43% -188.51% -156.44%
-$174.74M -$197.37M -$194.52M -$182.17M -$136.12M -$117.07M -$53.87M
USD/shares -$0.27 -$0.37 -$0.38 -$0.38 -$0.29 -$0.56 -$0.73
USD/shares -$0.27 -$0.37 -$0.38 -$0.38 -$0.29 -$0.56 -$0.73
shares — 530.66M 495.93M 481.77M 466.21M 209.9M 75.41M
shares — 530.66M 495.93M 481.77M 466.21M 209.9M 75.41M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Long-term debt, including current maturities 2026-06-30 USD 13,129,000 10-Q filed 2026-08-10
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Noncurrent debt carrying amount
USD 1,716,000
Noncurrent finance lease liabilities 2026-06-30 USD 14,468,000 10-Q filed 2026-08-10
Noncurrent operating lease liabilities 2026-06-30 USD 104,378,000 10-Q filed 2026-08-10
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

4.250% Convertible Senior Notes due 2029

Note · Rocket Lab USA, Inc.

Reference: 4.250% Convertible Senior Notes due 2029

Active
Original principal
USD 355,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Feb 1, 2029

Last reported interest terms: 4.25% Reported 2024-02-07 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2024-02-06 Original principal USD 355,000,000 Exact source document Parent 8-K filing · 2024-02-07
    On February 6, 2024, Rocket Lab USA, Inc. (the "Company") issued $355,000,000 aggregate principal amount of its 4.250% Convertible Senior Notes due 2029 (the "Notes"). The Notes were issued pursuant to, and are governed by, an indenture (the "Indenture"), dated as of February 6, 2024, between the Company and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"). The Notes issued on February 6, 2024 include $55,000,000 principal amount of Notes issued pursuant to the full exercise by the initial purchasers of the Notes of their option to purchase additional Notes.
    Issuer evidence: On February 6, 2024, Rocket Lab USA, Inc. (the "Company") issued $355,000,000 aggregate principal amount of its 4.250% Convertible Senior Notes due 2029 (the "Notes"). The Notes were issued pursuant to, and are governed by, an indenture (the "Indenture"), dated as of February 6, 2024, between the Company and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"). The Notes issued on February 6, 2024 include $55,000,000 principal amount of Notes issued pursuant to the full exercise by the initial purchasers of the Notes of their option to purchase additional Notes.
    Supporting evidence: The Notes accrue interest at a rate of 4.250% per annum, payable semi-annually in arrears on February 1 and August 1 of each year, beginning on August 1, 2024. The Notes mature on February 1, 2029, unless earlier converted, redeemed or repurchased.
    Supporting evidence: On February 6, 2024, Rocket Lab USA, Inc. (the "Company") issued $355,000,000 aggregate principal amount of its 4.250% Convertible Senior Notes due 2029 (the "Notes"). The Notes were issued pursuant to, and are governed by, an indenture (the "Indenture"), dated as of February 6, 2024, between the Company and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"). The Notes issued on February 6, 2024 include $55,000,000 principal amount of Notes issued pursuant to the full exercise by the initial purchasers of the Notes of their option to purchase additional Notes.
    Supporting evidence: On February 6, 2024, Rocket Lab USA, Inc. (the "Company") issued $355,000,000 aggregate principal amount of its 4.250% Convertible Senior Notes due 2029 (the "Notes"). The Notes were issued pursuant to, and are governed by, an indenture (the "Indenture"), dated as of February 6, 2024, between the Company and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"). The Notes issued on February 6, 2024 include $55,000,000 principal amount of Notes issued pursuant to the full exercise by the initial purchasers of the Notes of their option to purchase additional Notes.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
43.48×
Peer median 4.21×
EV/EBIT
—
Peer median 26.34×
P/E (TTM)
—
Peer median 32.68×

Peer medians compare against the 34 similar-size Aerospace & Defense companies (of 90 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020
Space Systems $402,757,000 $310,838,000 $172,698,000 $150,310,000 $23,266,000 $2,075,000
Launch Services $199,042,000 $125,376,000 $71,894,000 $60,686,000 $38,971,000 $33,085,000

By Geography (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020
United States $475,394,000 $268,326,000 $184,748,000 $164,593,000 $45,750,000 $25,881,000
Japan $65,638,000 $30,684,000 $10,457,000 $15,306,000 — $6,498,000
Rest of World $40,601,000 $32,816,000 $13,271,000 $26,535,000 $4,239,000 $2,781,000
Canada $20,166,000 $104,388,000 $36,116,000 $4,562,000 $2,478,000 —
Germany — — — — $9,770,000 $0

By Product & Service (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020
Space Systems $402,757,000 $310,838,000 $172,698,000 $150,311,000 $23,266,000 $2,075,000
Launch Services $199,042,000 $125,376,000 $71,894,000 $60,685,000 $38,971,000 $33,085,000
Key facts CIK 1819994 CUSIP 773121108 13F (30d) 374 filings 365 filers Visit website Investor relations